Comment by jt2190
7 months ago
It’s a shame that this is the top comment because it’s backward looking (“here’s why white-collar workers lost their jobs in the last year”) instead of looking forward and noticing that even if interest rates are reduced back to zero these jobs will not be performed by humans ever again. THAT is the message here. These workers need to retrain and move on.
> even if interest rates are reduced back to zero these jobs will not be performed by humans ever again
It's not like companies laid off whole functions. These jobs will continue to be performed by humans - ZIRP just changes the number of humans and how much they get paid.
> These workers need to retrain and move on.
They only need to "retrain" insofar as they keep up with the current standards and practices. Software engineers are not going anywhere.